MALMO, Sweden (Dec. 1, 2010)—Hexpol A.B. has completed the acquisition of Excel Polymers L.L.C. from Lion Chemical Capital L.L.C. for $213.7 million.
The purchase, announced in October, makes Hexpol the world's largest rubber compounder. The company now has 24 plants in nine countries.
Excel posted 2009 sales of $284 million and is expected to have revenue of about $350 million to $360 million this year, according to Hexpol.